XML 51 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Cost and Estimated Fair Value of Investment Securities

The amortized cost and estimated fair value of investment securities are summarized below. The majority of securities held are available-for-sale securities with fair value based on quoted prices for similar assets in active markets or quoted prices for identical assets in markets that are not active. Estimated fair values were obtained from an independent pricing service based upon market quotes.

	December 31, 2021
	Amortized Cost				Gross Unrealized Holding Gain				Gross Unrealized Holding Loss				Fair Value				Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	2,553,246			$	25,873			$	(15,905	)		$	2,563,214				80.50	%
CMO/REMIC		602,555				1,586				(13,983	)			590,158				18.53	%
Municipal bonds		28,365				1,103				-				29,468				0.93	%
Other securities		1,083				-				-				1,083				0.04	%
Total available-for-sale securities	$	3,185,249			$	28,562			$	(29,888	)		$	3,183,923				100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	576,899			$	5,907			$	(7,312	)		$	575,494				29.95	%
Mortgage-backed securities		647,390				4,109				(6,106	)			645,393				33.61	%
CMO/REMIC		490,670				596				(5,030	)			486,236				25.48	%
Municipal bonds		211,011				4,714				(1,155	)			214,570				10.96	%
Total held-to-maturity securities	$	1,925,970			$	15,326			$	(19,603	)		$	1,921,693				100.00	%

		December 31, 2020
		Amortized Cost				Gross   Unrealized Holding Gain				Gross   Unrealized Holding Loss				Fair Value				Total Percent
		(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities		$	1,857,030			$	48,006			$	(101	)		$	1,904,935				79.41	%
CMO/REMIC			457,548				5,515				(249	)			462,814				19.29	%
Municipal bonds			28,707				1,578				—				30,285				1.26	%
Other securities			889				—				—				889				0.04	%
Total available-for-sale securities		$	2,344,174			$	55,099			$	(350	)		$	2,398,923				100.00	%
Investment securities held-to-maturity:
Government agency/GSE		$	98,663			$	5,877			$	—			$	104,540				17.05	%
Mortgage-backed securities			146,382				7,644				(32	)			153,994				25.30	%
CMO/REMIC			145,309				5,202				—				150,511				25.11	%
Municipal bonds			188,272				6,980				(74	)			195,178				32.54	%
Total held-to-maturity securities		$	578,626			$	25,703			$	(106	)		$	604,223				100.00	%

Summary of Interest Income Earned on Investment Securities

The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax.

		Year Ended December 31,
		2021				2020				2019
		(Dollars in thousands)
Investment securities available-for-sale:
Taxable		$	37,532			$	35,129			$	38,189
Tax-advantaged			741				923				1,141
Total interest income from available-for-sale securities			38,273				36,052				39,330
Investment securities held-to-maturity:
Taxable			17,747				9,542				11,498
Tax-advantaged			4,428				4,681				5,890
Total interest income from held-to-maturity securities			22,175				14,223				17,388
Total interest income from investment securities		$	60,448			$	50,275			$	56,718

Summary of Continuous Unrealized Loss Position of Securities

The following table presents the Company’s available-for-sale investment securities, by investment category, in an unrealized loss position for which an allowance for credit losses has not been recorded as of December 31, 2021.

	December 31, 2021
	Less Than 12 Months								12 Months or Longer								Total
	Fair Value				Gross Unrealized Holding Losses				Fair Value				Gross Unrealized Holding Losses				Fair Value				Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,465,647			$	(15,099	)		$	44,244			$	(806	)		$	1,509,891			$	(15,905	)
CMO/REMIC		450,393				(11,515	)			53,745				(2,468	)			504,138				(13,983	)
Municipal bonds		-				-				-				-				-				-
Total available-for-sale securities	$	1,916,040			$	(26,614	)		$	97,989			$	(3,274	)		$	2,014,029			$	(29,888	)

		December 31, 2020
		Less Than 12 Months								12 Months or Longer								Total
		Fair Value				Gross   Unrealized Holding Losses				Fair Value				Gross   Unrealized Holding Losses				Fair Value				Gross   Unrealized Holding Losses
		(Dollars in thousands)
Investment securities available-for-    sale:
Mortgage-backed securities		$	72,219			$	(101	)		$	—			$	—			$	72,219			$	(101	)
CMO/REMIC			96,974				(249	)			—				—				96,974				(249	)
Municipal bonds			—				—				—				—				—				—
Total available-for-sale securities		$	169,193			$	(350	)		$	—			$	—			$	169,193			$	(350	)

Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Mortgage-backed and CMO/REMIC securities are included in maturity categories based upon estimated average lives which incorporate estimated prepayment speeds.

	December 31, 2021
	Available-for-sale								Held-to-maturity
	Amortized Cost				Fair Value				Amortized Cost				Fair Value
					(Dollars in thousands)
Due in one year or less	$	18,887			$	19,073			$	5,586			$	5,701
Due after one year through five years		1,731,066				1,744,199				402,803				405,175
Due after five years through ten years		1,079,941				1,074,606				901,078				893,932
Due after ten years		355,355				346,045				616,503				616,885
Total investment securities	$	3,185,249			$	3,183,923			$	1,925,970			$	1,921,693

X

- Definition

Schedule Of Available For Sale Securities And Held To Maturity [Table Text Block]

+ References

No definition available.

+ Details

Name:	cvbf_ScheduleOfAvailableForSaleSecuritiesAndHeldToMaturityTableTextBlock
Namespace Prefix:	cvbf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.2)
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(a),(b))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.8)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Name:	us-gaap_InvestmentIncomeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration